Wal-Mart Looking to Emulate Tesco

In Europe, Tesco (the owner of Fresh and Easy) is like Wal-Mart: The largest retailer in the land. They have a mixture of stores, from large, supercenter-like behemoths to smaller markets.

Looks like Wal-Mart is going to try that approach in the US.

It'll be interesting to see what Tesco does (in the US) in response. I have heard they are eying the parent of Albertson's as a possible takeover target. That would let them rapidly expand their presence and the mixture of stores they operate in the US.

Of course, given the hundreds of millions of dollars they have bled in trying to launch Fresh and Easy, they had better be willing to take some big losses for an extended period of time.